Commercial Loan Processing
Problem: Regional Bank needed to process commercial loans while reducing human touchpoints. Data entry and quality control were required for SOX compliance. The process was time-consuming, with analysts entering 80+ fields.
Solution: OpaidaAI extracts data from loan documents (financial statements, credit history) using AI, classifies and validates data, and creates an audit trail.
Impact:
- 80% improved accuracy of data entry.
- 50% reduced manual handling time per loan.
- Improved customer service with faster processing.
Time to Value: 4 Weeks